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Brown County Council Opts For $2 Million Bond

By Brock Turner

Posted June 19, 2018

The Brown County Council is opting for a bond, rather than a loan that could provide funding for a number of county projects.

The council says a bond offers more flexibility than a traditional loan because it can pay for road projects.

Nearly 40 residents attended a county council meeting Monday night. A few of them raised concerns over the $2,000,000 bond and the subsequent property tax increase. The county's financial planner says the loan will add $0.70 for every $100,000 of assessed property value.

Darren Byrd and other council members say the increase could save county taxpayers in the long run.

"Capital improvement issues that have fallen behind and have really needed to be addressed - this is one way to finally get those addressed," says Byrd.

The bond will pay for a number of projects including a new police radio tower and bleachers at the county fairgrounds.

The Council voted 7-0 to move forward to a second reading. The measure is classified as an ordinance which will require a second vote.

The Brown County Commissioners will vote on a similar measure in an upcoming meeting before the proposal becomes official.

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